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I recently had a ligitiment refinance program with my own…

Customer Question

I recently had a ligitiment...

I recently had a ligitiment refinanceprogram with my own Lender under the Obama plan for people could't make their house payments , my loan was adjusted almost $100.00 dollars. I have never received any paper work for me and now after the fact they say I owe extra escrow. When I called them they did not know anything about it and was to get back with me in a few days and now it's over 2 weeks. I received a notice in writing that my house had exceeded the amount they quoted me because of the the escrow shortage. This was to be finished by the 1st day of January, what should I do?

Based only on what you have posted, this sounds as if it is a case of predatory lending - you should look into hiring a lawyer as most attorneys that specialize in this type of litigation will take on these cases (at least those with merit) on a contingency basis - meaning they will advance their services and costs of litigation in exchange for a portion of your recovery (so you can sue the bank, either as part of your bankruptcy in an adversary proceeding, or outside of your bankruptcy in state court, without paying out of pocket).Due to the complexity of these claims, I highly recommend that you retain a plaintiff&#39;s lawyer (also called trial attorneys). Fortunately the majority of these attorneys will provide you with a free consultation, and again, many will represent you on a contingency basis (they will advance the costs of litigation and legal services in exchange for a portion of your successful settlement or judgment). You can find local attorneys using the State and Local Bar Association directories, or private directories such as www.AVVO.com; www.FindLaw.com; or www.Martindale.com (I personally find www.AVVO.com to be the most user friendly).

I'm in NY, being serviced by Ocwen. I received a modification, being current for a year, now I am being raised 250 dollars on my current mortgage due to a negative escrow. I was told that my mortgage … read more

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Hi - I own a duplex where I live and rent the other side. When I bought the house they told me that payments would be around $1900, and when I started making payments they were at $1948. Two years go … read more

My daughter that lives in Lebanon County, PA has been waiting for her mortgage loan to be modified for almost one year. First it was being modified by BOA and they had completed part of the process th… read more

I live in Attleboro Ma. trying to refinance home ...are there consultants available,in this area, that look @ re-fi loan terms and advise if terms are reasonable ? I am very afraid of predatory lender… read more

Hello..i had an escrow closed back in june 2010 for my client. the property is located in the mellorose zone and once contract was we received i saw the tax and other liens listed there, but i thought… read more

I did not pay my second half property taxes $995.91 on time in washington state now my bank us bank is saying that I have to have a escrow account after a escrow analysis has been performed and the sh… read more

Hi there, As many Americans, I was in trouble with my mortgage. I contacted Bank Of America numerous times and tried to refinance. I submitted paperwork more than once and was denied. Their reasons we… read more

We were approached by our lender, Bank of America, to refinance our condo at a more attractive rate to lower our monthly payment. The Title Company, which I believe is a subsidiary of BOA, prepared th… read more

I have particpated with my mortgage company on a modification. During the beginning of this process I was already on disability and now I am back to work on light duty. My salary has gone steadily dow… read more

We purchased a home in 2008 with an 80/20 mortgage &the primary lender held the escrow account. House was a new construction & we expected our payment would increase as the area developed. We contacte… read more

We are in Kentucky. My son's home went into foreclosure process and was scheduled for sale. He has since come up with the money to catch all payments up and wants to. He sent a hardship letter to the … read more

We own a condo. We have been able to make our mortgage payments. However, with an increase in property tax, there was a shortage in escrow. It increased our payment by $300 month for 1 year. Once the … read more

I purchased a home in June 2004. I refinanced my 2nd mortgage in Dec 2005. At that time, and not by knowledge, the first was reconveyed. I tried to refinance the 1st in 2005 and the new lender could n… read more

Hello, In Sept. I received our first escrow summ. from our mortgage company National City Mortgage. It is reporting that we have a shortage of $1,434.86. We just bought the house in February. The shor… read more

Around January 1st I refinaced my condo. Shortley after I received a letter from my old mortgage company stating that my loan was paid in full. My current mortgage is the amount that I was approved fo… read more

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).